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Centaurus has come up with an initial 280,000t-495,000t nickel and 24,500t-54,000t cobalt exploration target for its Itapitanga project in N Brazil following strong consistent high-grade drilling results released over the last 8-weeks.

Hard on the heels of global miner Anglo American’s 2018 June 2018 half (H1 18) 9% profit slide to $US1.3B from H1 17, the company has announced the go-head for the up to $5.3B world-class Quellaveco Copper Project in Peru, with 1st production expected in 2022.The H1 18 bottom line was hit by $300M of special items, but with underlying EBITDA up 11% to $4.57B, $1.6B of attributable free cash flow and underlying earnings up 2% to $1.56B.

With a big hole expected to remain in Anglo American’s iron ore production for the rest of the year following the Mar 2018 suspension of its Minas-Rio mine in Peru, Kumba has lifted June 2018 qtr (Q2 18) output to 11.6Mt from Q1 18’s 10.9Mt.

Ramp-up completion at the Gahcho Kué Diamond Mine in Canada has lifted Anglo American’s 85%-owned global diamond major De Beers’ June 2018 qtr (Q2 18) rough diamond production 6% on Q1 18 to 9Mcts, also reflecting stronger demand.Botswana production was up 8% to 6.3Mcts, with Jwaneng up to 3Mcts and Orapa to 3.3Mcts, and Canada 11% better to 1.2Mcts. But Namibia eased 2% to 500,000cts and South Africa was down 7% to 1Moz.

Global miner Vedanta Resources chairman Anil Agarwal's family trust Volcan Investments is moving to buy the 33.47% of Vedanta it doesn’t already own for £778M in a yet to be formalised deal that values the miner at £2.32B ($US3.03B).An independent committee, formed to evaluate the proposal, is backing the in-principle deal and will recommend a possible firm offer of 825p per share, a 27.6% premium to London-listed Vedanta's Friday close. Shareholders will also get a previously announced $US41cps dividend, lifting the offer price to 856pps.

UK-based international miner Anglo American has signed heads of agreement to sell a 29.1% interest in its proposed 225,000tpa Quellaveco copper project in Peru to Mitsubishi Corporation.Mitsubishi will pay $US600M for the transaction, increasing its interest in the project to 40% while Anglo American retains 60%.

International miner Anglo American will raise $US600M to support its share of development costs for the Quellaveco copper project in southern Peru through the sale of an extra 21.9% interest to its project partner Mitsubishi.

Anglo American is likely to sell up to 30% of the multi-billion dollar Peruvian Quellaveco copper project to Japanese entities, including Mitsubishi, which already own part of it, Reuters reports.Anglo said in its FY17 results it was seeking to cut its 82% of Quellaveco, which could produce 225,000tpa copper, to between 50% and 70%.Sources say Anglo has hired investment banks Goldman Sachs and Morgan Stanley to help with the sale, neither of which responded requests for comment.